ROYAL OAK, Mich. OUR CU announced that Tina Dix, executive vice president who has worked with the credit union since 1983, has been named president and CEO of the $210-million credit union.
Dix had been serving as interim CEO.
"The leadership shown by Tina Dix during the interim CEO position made it an easy decision for the board of directors to make her the permanent CEO of OUR Credit Union,” said Joseph Kripli, chairman of the board for OUR CU.
The Federal Reserve proposed a rule to average individual banks' stress test results over two years, a measure the central bank says would reduce volatility in bank capital requirements from year to year.
With swipe payments heading toward the exit in a few years, issuers have an opportunity now to prepare.
The $35 billion transaction has faced opposition since it was announced last February.
A federal judge will determine if the leadership of the Consumer Financial Protection Bureau should be held in contempt after firing 90% of the bureau's staff and dismantling all offices.
The Consumer Financial Protection Bureau is laying off more than 1,400 employees just days after a panel of judges said the bureau couldn't fire employees without an assessment of whether the workers are unnecessary to perform the bureau's legally mandated duties.
The Ohio-based regional bank is poised to outperform in the second quarter after coming close to "hitting on all cylinders" during the first three months of the year, CEO Steve Steinour said.
